Hi, I have two questions.
1) I have income from lodgers living in my home: total income from them in 2017-18 was £13,355. Their proportion of rates, insurance and utilities totals £6,435 so net income would be £6,920. Am I right that - this year - I am better to use the Rent-a-Room tax exemption rather than normal actual profit?
2) This year I replaced the central heating boiler - cost £7,400. Even with my other income (primarily state pension), that is more than the rest of my taxable income minus tax free allowance (this year, £2740) . Is it an allowable expense / can I carry remainder forward or claim back previous tax paid etc etc?